November 4, 2013 , Volume 6, Issue No. 2

From the Editor

This web-based newsletter serves as notice of our quarterly board meetings and communicates news of Council activities to our board and chapters. News items are shown with headlines and a short intro, linked to the full article on our Michigan Council web pages. News occurring between quarterly newsletter issues will be posted on our Council website, so please check there regularly, too.

Our newsletter mailing list includes all the current council board, active past council presidents, chapter delegates, chapter presidents. and others who would like to receive this communication. We encourage you to let us know what you think. Please contact webmaster@imamichigan.org .

Joe Nycum

Michigan Council News

Please follow the links below to read each article in full.

President's Message:  John Engel, Council President 2013-2014

I cannot believe that almost 4 months have gone by since my last letter.  We have gone from 80 + degrees every day to the 50’s. Obviously fall is here!   Now that our Fall Conference is over, I want to thank all those that planned and sponsored another successful Fall Conference. Accounting and Finance Professionals, along with College Students, took advantage of the opportunity to expand their knowledge and earn 8 hours of CPE offered at the conference on October 28th. The conference speakers were excellent.

Even though the conference is now over, there are still many things planned for the rest of the year and I hope that you will take advantage of what the Council has to offer.  We are here to help each and every one of you.

I invite you to take advantage of the many benefits that your IMA membership offers. Please reach out to me or the Council with any questions or professional needs you may have. I and the other Council officers are here to assist you as we continue the tradition of the family atmosphere of the Michigan Regional Council.  Thank you for all that you do for your Chapters and the Michigan Regional Council of the IMA.

Read current and past president messages

John Engel

President of the IMA Michigan Council

2013 - 2014



The 12th Annual IMA Michigan Council's Fall Conference has Concluded

The Annual Fall Conference was held at the Kellogg Center on the Campus of Michigan State University on Monday, October 28, 2013. More than 200 Accounting & Finance Professionals, Educators, and College Students attended the conference. Program Moderator, Doug Hicks, CPA introduced a great slate of speakers including IMA Global Chair-Elect Joseph A. Vincent. Topics included an Economic Update, Ethics and the Foreign Corrupt Practices Act, 401-K and Retirement Planning, Preparing for the CFO Role, a Tax Update, and Benchmarking to Identify Gaps to World-class Finance. Photos of the Fall Conference will be available soon.

Michigan Council Wins 16th Council of Excellence Award

May 17, 2013 —16 Straight!

On May 17, 2013 Jenna Uszenski, Community Engagement Leader, IMA Global sent a note to congratulate the Michigan Council on winning the " Award of Excellence" in the 2012-2013 competition.  Our Council has won this award 16 consecutive years and 17 times out of the past 20 years. Only six of the twenty-four regional councils in the United States are selected each fiscal year for their extraordinary performance.  [Read the entire article]

Register for Upcoming CMA Review Courses

Take the next step toward becoming a Certified Management Accountant (CMA). Cleary University offers both classroom and on-line review courses.  Cleary University is the only institution in Michigan to offer the Certified Management Accountant Learning System, developed by the Institute of Management Accountants.

Registration for the Winter 2014 CMA Review Part 2 Course "Financial Decision Making" is currently open.  Visit Cleary University's website to enroll in the Winter 2014 course. The live instruction course will meet on the following six Saturdays: Feb. 1, Feb. 15, Mar. 1, Mar. 15, Mar. 29, and Apr. 12.  Each Saturday session is from 9am to 3:30pm.  Cleary University is also offering a Winter 2014 CMA Review Part 1 On-line Course "Financial Planning, Performance, and Control" for those who are unable to attend the live instruction course offered on the Ann Arbor, MI campus. Plan your review so that you are prepared to take each part of the CMA exam in one of the following months each year:  Jan & Feb, May & Jun, and Sep & Oct.

[READ MORE AT http://www.cleary.edu/cma]


Chapter News

Please follow the links below to read each article in full.

Ann Arbor Chapter News

The Ann Arbor Chapter was awarded a banner for the 5th consecutive year. In June, the Chapter received the 11th place award at the IMA's Conference & Exposition in New Orleans, LA. The Chapter's next meeing is scheduled for Thursday, November 21, 2013 and will feature Tim Rickett of Taubman who will present on "Construction Auditing" and Luke Bonner of Spark who will present on "Business Development".

On Thursday, January 16, 2014 John Daly will present on two topics: "Communicating Financial Information to Non-Accountants" and "The CFO's role in Compensation and Incentive Plans".

Check the Chapter's website for current news, events, and upcoming meeting dates.

Visit the Ann Arbor Chapter site at http://www.imamichigan.org/annarbor .

Detroit Chapter News

Congratulations to the Detroit Chapter for winning the 8th Place Award in the Stevenson Division! The Chapter's next meeting is scheduled for Tuesday, November 19, 2013. No December meeting is planned.

An "Economic Update" will be presented at the Chapter's meeting on Tuesday, January 21, 2014. The February 18, 2014 meeting will be the Annual Student Night and the Chapter's Annual Spring Conference will be held on Thursday, March 18, 2014. Check the Chapter's website for current news, events and upcoming meetings.

Visit the Detroit Chapter site at http://www.imamichigan.org/detroit

Michiana Chapter News

Congratulations to the Michiana Chapter for winning the 13th Place Award in the Warner Division!

The Chapter's Student Night is planned for Thursday, November 14, 2013. A joint meeting is planned with APICS on December 10, 2013 that will include a plant tour of FAPCO. A Holiday Bash is also being planned for Chapter Members and their guests in December.

The Chapter's first meeting of the new year will feature Larry Lackner, CPA who will present an "Annual Tax Update" on Thursday, January 9, 2014. Check the Chapter's website for current news, events and upcoming meetings.

Visit the Michiana Chapter Site at http://www.imamichigan.org/michiana

Grand Rapids Chapter News

The Grand Rapids Chapter's next meeting is scheduled for Tuesday, November 19, 2013 and will include a "Tax Update". The Chapter is holding a charity volunteer event "Kids Food Basket" on Tuesday, December 10, 2013.

The Chapter's first meeting of the new year will feature Mary Baumann of Miller Johnson who will present a "Healthcare Update" on Tuesday, January 21, 2014. Carol VanDyke, CMA of Cascade Engineering, and Treasurer of the IMA Michigan Council will present on "Lean Accounting" at the Tuesday, February 18, 2014 meeting.

Check the Chapter's website for current news, events and upcoming meetings.

Visit the Grand Rapids Chapter Site at http://www.imamichigan.org/grandrapids

Kalamazoo Chapter News

The Kalamazoo Chapter is hosting an All-Day Seminar at Stryker Medical on Tuesday, November 19, 2013.  Jim Coyle will present "Get a Grip on Your Business" workshop. The conference will also include sessions on Accounting and Auditing.

The Chapter's first meeting of the new year is scheduled for Tuesday, January 21, 2014 and will include an "Economic Update". Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Kalamazoo Chapter Site at http://www.imamichigan.org/kalamazoo

Lansing-Jackson Chapter News

The Lansing-Jackson Chapter has regular scheduled meetings that feature guest speakers who present on relevant topics to the Accounting and Finance Profession.  Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Lansing-Jackson Chapter Site at http://www.imamichigan.org/lansing-jackson

Upper Peninsula Chapter News

The Upper Peninsula Chapter will hold it's Holiday Dinner on Friday, December 13th at the Wowonowin Country Club.  Chuck Phillips, CMA, Past IMA Michigan Council President, Fall Conference Committee Chair, and Manager of Financial Reporting for the Detroit Lions NFL Football Team will be the guest speaker at the Holiday Dinner. As Chapter President, Joel Thomson put it, "Think of it - The NFL, Accounting, and a Great Dinner rolled into one!"

The Chapter is planning a tour/meeting for the coming year. Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Upper Peninsula Chapter site at http://www.imamichigan.org/upperpeninsula

Saginaw Valley Chapter News

The Saginaw Valley Chapter will present an "Annual Economic Update" on Wednesday, November 20, 2013. The presenter will be Jon Gardey, CFA, CFP President of Gardy Financial Advisors. No December meeting is planned.

The Chapter's first meeting of the new year will be on Wednesday, January 15, 2014 and Plante Moran will present an "Annual Tax Update". Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Saginaw Valley Chapter site at http://www.imamichigan.org/saginawvalley


IMA Global News

The following news items of interest come from the Global IMA website.  Follow the links after each of the following paragraphs "Read more" to view the full article.

Ethics Always Applies

By William F. Knese, CMA, CFM, CPA

IMA Chair, William Knese, offers a good perspective on ethics. He states that "Doing what's right isn't always easy, especially if a business issue is ambiguous or complicated. But you can look to the IMA for help in being ethical." He goes on to say that "An ethical perspective is also an important characteristic of a strong professional management accountant. Good technical skills are learned in school; ethical principles are learned as part of character education at home and in places of worship."

Read more on page 6 of the September 2013 issue of Strategic Finance magazine.

Of Confidence and Humility

By David J. Elrod, CMA, CPA Finance Director at Microsoft and Dean of the IMA Leadership Academy

"Being a humble leader will get you the results you and your company want. It will allow you to coach your team for success, open lines of communication, and build trust within your team. No one wants to endure an egotistical leader."

Read more on page 17 of the August 2013 issue of Strategic Finance magazine.

Creating an Environment for Your Team to Strive

By Esteban Quiros, CMA

"Two things every leader needs to do is listen and observe. Utilizing these skills, you can create an environment in which your team can work at its best, open lines of communication with team members, and motivate them to do better work."

Read more on page 20 of the October issue of Strategic Finance magazine.

10 Best Practices for Business Student Internships

By Kurt F. Reding, CMA, CPA, CIA and David O'Bryan, CMA, CPA, CFE

Many organizations understand the value of a successful business student internship program. A well designed program can provide a meaningful work experience for the student and create a pipeline of top-notch students that will likely become future business leaders.

Read more on page 43 of the October 2013 issue of Strategic Finance magazine.


Continuing Education Webinars

Take time to check the IMA Global website to see what webinar topics are scheduled each month.  There are two webinar series:  The Inside Talk webinar series explores relevant topics from your profession and delivers timely information to broaden your knowledge and improve your performance.  The Leadership Academy series focuses on building the future of the accounting and finance profession by empowering its members and creating the profession's future leaders.

The next IMA Inside Talk webinar "The Rules for Collecting Sales Tax" is scheduled for Thursday, November 14, 2013 at 1pm ET.  Read more and/or Register

The next IMA Leadership Academy webinar "Advanced Team Skills" is schedule for Tuesday, November 12, 2013 1-2:30pm. This course will focus on the stages of team development, contributions to healthy team development, and team rules of conduct.

Read more and/or Register

Visit the IMA Career Center

This area of the IMA Global website helps connect members with new employment opportunities.  Job seekers can post resumes and set up email alerts.  Employers can post jobs and view IMA member resumes.

Read more and/or Create an Account



Copyright 2011 Michigan Regional Council of The Institute of Management Accountants (IMA)